Hindustan Motors is currently trading at Rs. 7.94, up by 0.01 points or 0.13% from its previous closing of Rs. 7.93 on the BSE.
The scrip opened at Rs. 8.19 and has touched a high and low of Rs. 8.38 and Rs. 7.83 respectively. So far 150186 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 13.19 on 08-Jan-2013 and a 52 week low of Rs. 6.04 on 07-Aug-2013.
Last one week high and low of the scrip stood at Rs. 8.49 and Rs. 7.80 respectively. The current market cap of the company is Rs. 146.89 crore.
The promoters holding in the company stood at 36.52 % while Institutions and Non-Institutions held 5.36 % and 58.12 % respectively.
Hindustan Motors (HM) has received an approval to divest the whole or part of the business / interests of the company in the Forge Shop and Foundry Shop at Uttarpara, West Bengal to such parties and on such terms and conditions as may be deemed fit by the Managing Director of the company.
The above is however subject to approvals of lenders and other approvals as may be required. The board of directors at its meeting held on October 30, 2013 has approved for the same.
Hindustan Motors is India’s pioneering automobile manufacturing company manufactures passenger cars, Multi Utility Vehicles and RTV. It also manufactures passenger cars in the mid size premium segment (Mitsubishi Lancer, Lancer Select, and Lancer Cedia) and has brought the Sports Utility Vehicle (Mitsubishi Pajero) into the Indian market, in collaboration with Mitsubishi Motors of Japan.
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